Resolute extends maturity and resets term loan facility under senior secured credit agreement

Us $ montrÉal, april 20, 2021 /prnewswire/ - resolute forest products inc. (nyse: rfp) (tsx: rfp) today announced that it amended its $360 million senior secured credit agreement dated october 28, 2019. the purpose of the amendment is: to repay the $180 million of pre-amendment term loans by drawing on the revolving facility and using cash on hand; to extend the maturity date of the revolving facility from 2025 to 2027; to reduce the spread on the term loan facility by up to 10 basis points; and to reinstate in full the $180 million term loan facility, with maturities of up to ten years, with a delay draw period of up to three years.
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